Company News: Lynas
Updated: 04 Oct 2010
Lynas Corporation Ltd is an ASX listed company, with the strategy to create a reliable, fully integrated source of Rare Earths from mine through to market, and to become the benchmark for the security of supply and environmental standards in the global Rare Earths industry.
The foundation of this strategy is Mount Weld in Western Australia, the richest known deposit of Rare Earths in the world, and a state-of-the-art Rare Earths processing plant, the Lynas Advanced Materials Plant (LAMP), currently under construction near Kuantan in Pahang, Malaysia. Production is scheduled for third quarter of 2011.
The foundation of this strategy is Mount Weld in Western Australia, the richest known deposit of Rare Earths in the world, and a state-of-the-art Rare Earths processing plant, the Lynas Advanced Materials Plant (LAMP), currently under construction near Kuantan in Pahang, Malaysia. Production is scheduled for third quarter of 2011.
Also Known as: Lynas
Business Category Exploration; Mining
Regions of Operation South-East Asia; Australasia
Exchange Ticker LYC
Web: www.lynascorp.com
Financial Information
Stock Feed
Exchanges listed on ASX
Share Holders
Market Cap
Shares Issued
Level 7, 56 Pitt Street
- Sydney
- NSW
- 2000
- Australia
Most Recent Company News
- Strategic Metals: Rare earth update - 20 Apr 2012 12:40pm
Since the middle of 2011, all rare earth oxide prices have been tumbling Read more... - Strategic Metals: Common attributes - 20 Apr 2012 12:40pm
Lithium and the rare earths, although entirely different in nature, have common attributes in terms of supply and demand Read more... - China's rare earth dominance to wane - 02 Mar 2012 12:19pm
Chinese dominance of the rare-earth elements (REE) market is expected to wane with the emergence of significant producers outside of China, and prices could come under further pressure from a supply glut Read more... - Lynas raises funds for Malaysia rare earths refinery - 27 Jan 2012 1:19pm
The rare earth metals producer Lynas Corp has raised US$225 million in capital for a planned rare earth metals refinery in Malaysia, after the company was forced to delay the plant’s start-up due to raised production costs. Read more... - Mt Weld increase - 27 Jan 2012 1:18pm
Lynas Corp has calculated a new resource estimate for its Mt Weld rare-earths project in Western Australia. Read more... - Lynas sells US$225m bonds for Mount Weld rare earths refinery - 24 Jan 2012 12:32pm
Australia-based Lynas Corp has announced the sale of US$225 million in convertible bonds, aimed at providing funds for the company’s proposed advanced materials plant in Gebeng, Malaysia. Read more... - Lynas awaits Malaysian import decision - 21 Oct 2011 3:57pm
Lynas Corp said it does not expect Malaysia to decide for “some weeks” about granting the Australian company a pre-operating licence and allowing it to import rare earths into the country for processing Read more... - Barnett supports new rare-earth mines in WA - 17 Jun 2011 10:58am
Western Australian premier Colin Barnett has welcomed partnerships between the state and Europe that would focus on the exploration and development of rare-earth element (REE) projects Read more... - Finance agreement boosts Lynas - 01 Apr 2011 11:52am
Australian rare-earths miner Lynas Corp has secured a financing package with Sojitz Corp worth US$325 million, and confirmed a 10-year off-take arrangement in Japan. Read more... - China extends ban on antimony, tungsten, rare-earths mines - 01 Apr 2011 11:46am
Antimony, tungsten and rare earths could extend rallies in China after the government banned the opening of new mines for a further year and lengthened a prohibition on exploration Read more...
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